Cliffside Marketing Inc.
Cliffside Marketing Inc. is located in Grand Rapids, MI, and the SBA lists its industry as Marketing Consulting Services. It was approved for an SBA 7(a) loan of $800,000 for a change of ownership on October 25, 2023.
SBA 7(a) loan, change of ownership, approved Oct 25, 2023
- Gross approval
- $800,000
- SBA-guaranteed amount
- $600,000 (75% of the approval)
- Lender
- Horizon Bank, Michigan City, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 25, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $10,352 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 30, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 541613, Marketing Consulting Services
- Project location
- Kent County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 27% of acquisition loans in Marketing Consulting Services on this site.
- Average acquisition loan in Marketing Consulting Services: $1,391,558.
- Average acquisition loan in Michigan: $1,645,728.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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Same industry in Michigan
- Clearsight Consultants LLC, Lakeview